Rs 3,249.540 Million Allocated For 13 Petroleum Sector Projects In PSDP 2021-22


Rs 3,249.540 million allocated for 13 petroleum sector projects in PSDP 2021-22

ISLAMABAD, (UrduPoint / Pakistan Point News - 11th Jun, 2021 ) :The government on Friday allocated an amount of Rs 3,249.540 million in the Public Sector Development Programme (PSDP 2021-22) to execute seven ongoing and six new petroleum sector projects aimed at accelerating oil and gas exploration activities and achieving self-sufficiency in the energy sector.

According to the PSDP document, funds amounting to Rs 1,473.683 million have been earmarked for seven ongoing schemes, out of which Rs 263 million have been kept for establishment of National Minerals Data Centre (NMDC), Rs 345.321 for Expansion and Up-gradation of Pakistan Petroleum Core House (PETCORE), Rs 30 million for Geological Mapping on 50 Toposheets, out of 354 unmapped Toposheets of Outcrop Area of Balochistan Province, Rs 385.336 million for strengthening and up-gradation of Karachi Laboratories Complex (KLC) at HDIP Operations Office, Karachi, Rs 76.580 million for supply of 13.5 MMCFD gas at Doorstep (Zero Point) of Dhabeji Special Economic Zone (SEZ) Sindh, Rs 230 million for supply of 30 MMCFD gas at Doorstep (Zero Point) of Rashakai Special Economic Zone (SEZ) and Rs143.446 million for up-gradation of POL testing facilities of HDIP at Islamabad, Lahore, Multan, Peshawar, Quetta and ISO Certification of Petroleum Testing Laboratory at Islamabad.

For six new schemes, the government has earmarked Rs1,775.857 in the PSDP, out of which Rs40 million would be spent on development of Strategic Underground Gas Storage (SUGS) hiring of consultancy services for Bankable feasibility study and transaction advisory services (PC-II), Rs30 million have been specified for Legal Consultancy Services for drafting of Model Mineral Agreement and updating of Regulatory Framework (Federal and Provincial Minerals/Coal Departments) prepared by Mineral Wing, Petroleum Division, Rs40 million for Pakistan National Research Programme on Geological Hazards (Earthquakes and Landslides) - Data Acquisition along Active Faults and Identification of Potential Landslides Hotspot Zones, Rs73.447 million for supply of 10 MMCFD RLNG to Bostan Special Economic Zone, Rs149.410 million for supply of 13 MMCFD RLNG to Bin Qasim Industrial Park and Rs785 million for supply of 40 MMCFD gas/RLNG to Allama Iqbal Industrial City Special Economic Zone (SEZ), Faisalabad.